Latest Interviews
Showing 1–3 of 3 transcripts.
Clear all filters- Goldman Sachs37 min
What the American Rescue Plan Means for the Economy, Markets, Corporations & Investors
Alec Phillips, Amelia Garnett, Susie Scher, Ashish Shah, Jake Seward
Following the enactment of the $1.84 trillion American Rescue Plan, economists revised U.S. GDP growth forecasts to 8% for 2021 and anticipate further infrastructure legislation funded by corporate tax hikes. Market participants are executing a sector rotation toward value assets while corporate finance activity surges, driven by a $9 trillion pandemic stimulus total that has revitalized M&A and equity issuance. Although inflation expectations and rising yields present headwinds, experts project improved municipal credit quality and consumer balance sheets as stimulus funds flow into the economy through 2022.
- Goldman Sachs19 min
Companies Continue to Turn to SPACs for Greater Flexibility
The 2020 SPAC market surged to over 200 IPOs raising $100 billion, driven by flexible terms and a broadening investor base that included traditional mutual funds. Following a temporary correction caused by supply fatigue in late 2020, the sector stabilized by December with 10 to 15 successful combinations, signaling renewed momentum for 2021. Looking forward, the industry is expanding into global markets and sectors like PropTech and auto tech, with Goldman Sachs noting 80 active SPACs poised to facilitate an additional $500 billion in M&A activity over the next two years.
- Goldman Sachs16 min
Why Investing in the Longest Bull Market in History is Still a Smart Move
Sharmin Mossavar-Rahmani, Jake Siewert, Jake Seward
Goldman Sachs Private Wealth Management's 2020 "Room to Grow" report argues that the current economic expansion will likely persist through 2020, citing favorable central bank policies, a low 20% recession probability, and balanced market conditions that support an 87% chance of positive returns. The firm recommends a strategic overweight in U.S. equities driven by superior demographics and productivity, while cautioning that high capital gains taxes make it inefficient for investors to sell assets waiting for a market dip. Although the analysis acknowledges short-term volatility from geopolitical tensions and the coronavirus outbreak, it projects that disinflationary trends and robust household balance sheets will allow underlying economic growth to reassert itself within months.